All City & finance articles – Page 218
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NewsNew Look under pressure as supplier insurance cover cut
New Look has been dealt a fresh blow as a credit insurer has stopped selling its suppliers cover against insolvency.
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NewsMothercare warns on profits as like-for-likes tumble
Mothercare has become the second major retailer to issue a profit warning in its festive update, following Debenhams’ lead last week.
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AnalysisWho will be retail’s winners and losers in 2018?
Who will thrive in 2018 and who will flounder? Retail experts share their tips for the year ahead.
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NewsAgenda: Festive updates from 18 major retailers
Retail Week looks ahead to the next seven days, with festive updates from 18 major retailers on the agenda.
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NewsOffice defies 'tough' market as profits improve
Office has hailed an improvement in full-year profitability despite “tough” trading conditions in the UK market.
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NewsGear4Music sales spike during golden quarter
Gear4Music has registered a spike in sales during the golden quarter as its proposition struck a chord with a growing number of customers.
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NewsSteinhoff loses another executive as finance boss exits
Steinhoff’s finance boss has become the latest executive to step down from the embattled business in the wake of its accounting scandal.
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AnalysisNext or Debenhams: Which tells the real story?
Two big retailers issued very different Christmas updates over the past 48 hours – Next reported a solid performance but Debenhams warned on profits.
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AnalysisOpinion: What new City rules will mean for retail
New rules on how research is paid for and used will have a big impact on companies – including retailers – that publicly report their results.
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NewsNext ups profit guidance despite retail sales dive
Next has marginally increased its profit guidance despite falling retail sales in the run-up to Christmas.
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NewsWhistles losses shrink but sales remain flat
Whistles has reported shrinking losses on flat sales during its first year under new ownership.
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NewsPoundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.
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NewsDFS snaps up stores from collapsed rival Multiyork
DFS has swooped on a number of collapsed rival Multiyork’s stores and acquired the rights to its brand name and product designs.
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NewsConsumer confidence dips to four-year low in December
Consumer confidence continued its downward spiral this month, hitting the lowest point this year and marking the lowest-scoring December since 2013.
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OpinionOpinion: A CVA won’t save Toys R Us – it must save itself
Tomorrow, Toys R Us will plead with its creditors to approve a corporate voluntary arrangement.
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NewsCreditors abandon Steinhoff as crisis deepens
Steinhoff International— the parent company of Poundland, Harvey’s and Bensons for Beds in the UK — has started to lose credit lines from lenders as it grapples with an accounting scandal.
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NewsSteinhoff-owned Bensons and Harvey's credit insurance cut
Bensons for Beds and Harvey’s credit cover has been cut in the wake of parent company Steinhoff’s accounting scandal, Retail Week can reveal.
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NewsIkea faces European Commission tax investigation
The European Commission has launched an “in-depth investigation” into furniture giant Ikea’s tax affairs.
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NewsPoundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
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NewsUpdated: Toys R Us CVA could be blocked by pension fund
The Pension Protection Fund (PPF) is demanding a £9m payment into Toys R Us’ UK pension scheme to win its backing for its proposed restructure.